There are a few simple steps needed to get started if you are new to NFTs (Non-Fungible Token) or cryptocurrencies. If you do not have an account or wallet on a secure trading platform that allows users to buy, sell and exchange cryptocurrencies, you may follow the guide below.
First, you will need to create an account on Gemini. You are welcome to use a different secure digital wallet that allows you to buy, sell and store cryptocurrencies. To create a Gemini account, you may click on this link: https://www.gemini.com/ on your computer or you may download the app from your mobile device’s app store. After setting up your Gemini account, you will link your bank account within Gemini. It is very important to always save your login and password information for future use. This will allow you to buy cryptocurrencies.
When purchasing a cryptocurrency, you are simply converting your US Dollar to the cryptocurrency you are choosing. The cryptocurrency needed in order to purchase Ethena is called Ethereum. You do not have to purchase one full Ethereum token. For example, you can buy/convert $500-$1,000 US Dollar to Ethereum. It is beneficial to buy and hold onto Ethereum as every year the value increases. When converting cryptocurrencies, there will always be a small gas fee to complete the transaction. Please note, after purchasing a cryptocurrency, it takes 4-5 business days for it to transfer into another digital wallet. (MetaMask)
Next, you will go on Google to download and create an account on MetaMask (if you do not already have one). MetaMask is a secure digital wallet and token exchange that allows purchasing and storing cryptocurrencies onto your web browser as an extension. This is important as all NFT platforms trust and work with MetaMask. I have provided a link to a short youtube video showing how easy it is to create a MetaMask account:
Once MetaMask is set up to your internet browser you are ready to transfer the Ethereum you purchased from Gemini onto MetaMask. Both Gemini and MetaMask have separate digital wallet addresses. When sending Ethereum from Gemini to MetaMask, make sure you have the correct MetaMask wallet address. Remember, this step is possible after you waited the 4-5 business days as mentioned earlier.
Before the final step, make sure to fully read the information below to avoid gas fees. Go ahead and click on this link: opensea.io/ethena_nft
This is where you will see our collection.
On the very top right hand corner you will see a wallet icon. Click that icon to link your MetaMask wallet. After your MetaMask wallet is linked to Opensea, click on the wallet icon again that is located on the top right hand corner. You will see 3 small dots located next to where it says Ethereum. Click on the 3 dots icon, then click on "Bridge to Polygon". This will exchange your Ethereum to Polygon which is what you want in order to avoid high gas fees. To complete the exchange, there will be a small one-time gas fee. After the exchange is complete, you will no longer have to worry about gas fees since you are using Polygon.
You may now buy your first Ethena NFT. Depending on the time you purchased, the campaign you donated to will be posted on our Instagram and TikTok. Do not forget, we will be giving gifts and prizes to our members at random for helping those in need.